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Search Results 0 to 49 of about 713 (some duplicates have been removed)
is missing, the reason state budgets are strapped is that the economies are sluggish. it is four percent growth we don't have the problem. the issue that is it facing us in the past election is weather we are willing to pay for the government we need. we are cutting 20 billion from the california schools and that result necessary bigger classrooms and fewer teachers. the only small part of the short fall is it 10 billion or six-10 billion made up through the taxings. are we willing to pay for the government that we need? case tl system. >> we have to run. ualian over spending was a big piece of the problem in california. you have three bankrupt. take a break. and lending a hand to victims of super storm sandy. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry unive
years now and unemployment rate under 5%, but a terrible economy and a terrible stock market. so, you want a natural unemployment rate to grow not with artificial constant perpetual government deficit spending and again, i think your our government can lower it over the next four years, that's not necessarily good for the country and the economy and the stock market. >> gary b. the question, does government drop and they grow or the private sector grow and where you get the true growth for the the economy? >> exactly, brenda, yeah, you showed in the graphic as we opened up the segment, that caterpillar, in this environment, you know, with things like sandy going on and things would be for casting job growth and hiring people, but instead they're laying off people and yet a long list of companies on that and the reason is, they see a sour economy. >> why do they see a sour economy? >> government is growing bigger and stephan, about 24%, study after study has shown, as government takes over a bigger percentage of gdp, it surely will, faster than perceived or forecast at gdp growth, it c
a little bit and to talk just for a moment about the u.s. competitiveness and the u.s. economy in a global context. and their actually was an oecd report that came out this morning that does that admirably. this report predicts that within four years, by 2016, the chinese economy will be bigger than the economy. and what the oecd report sort of further says, it's a great report. if you're interested, take a look online. today the u.s. economy accounts for 23% of the world's economy and india is 7. in 2030, according to the oecd predictions, china will be 29% of the world economy, the u.s. will be 18 and india will be 11. and those are, i think, really worthwhile numbers to keep in our mind as we talk about u.s. competitiveness in the world economy, because we're entering this entirely new era where the u.s. is going to be a big player in the world economy but no longer the preeminent, the very largest one, and i think that brings real challenges and requires a whole new way of thinking. so my opening remarks, steve was introduced, i think quite rightly, as a guy who i hope is getting cases
the economy into a recession. and late today, a top credit rating agency puts the odds of going off the cliff at 15%. plus, how g.o.p. economic policies could change as election day demographics change. that and more tonight on nbr! the u.s. economy would be driven into recession next year if the fiscal cliff is not solved in time. that's the warning again today from the congressional budget office. and the standard and poor's ratings agency said there's an increasing chance we will go over that cliff of tax increases and spending cuts. it puts the odds at 15%. still, s&p is optimistic about a solution, saying "the most likely scenario, in our view, is that policymakers reach sufficient political compromise in time to avoid most, if not all, potential economic effects of the cliff." both s&p and the congressional budget office warned unemployment would go over 9% by the end of next year if the cliff is triggered. those s&p comments hit the market in the last 30 minutes of trading, extending yesterday's sharp losses. the dow closed down 121 points, the nasdaq lost 41, and the s&p was off 17. t
of the economy, but this is has consumption fall as a share of gdp. >> exactly. and this is not a new issue. so we can't expect that just a new bunch of people come in, that the situation will change anytime soon. there are serious structural issues why china remains investment led rather than consumption led and the it would take big and far reaching policy reform to change that. >> will we see these reforms in light of the reports coming out of china as we mentioned with eunice just a few moments ago that perhaps we're not necessarily seeing as a reformist of a leadership for the next couple of years? >> yes, we don't really know what the new leadership is. in fact, for the last ten year, hu jintao was the leader, but the previous leader was in the background and he retained a lot of influence. and now the new leader will have not just hu jintao to deal with, but also his predecessor. so two who he'll have to deal with. 20 old people who used to be on the bureau, all of which will be exercising some influence. so i think this new leadership will be rather constrained at least for the first co
as the chinese economy shows signs of improve. >>> and we'll head out to washington for a view on how the handover of power in china will impact relations in the u.s. >> we're in london to talk about shipping trends. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better than forecast. eunice joins us from beijing. i'd hate to suggest this is quite good timing for this data. very convenient. >> what are you suggesting? a lot of people are saying that the numbers are showing the economy is bottoming out and a lot of people do use the numbers as a guideline at least. they're saying the investment figures were encouraging. looking relatively strong. the government hasn't put up of much money in the infrastructure projects, so that's part of the equation here. other part is retail and consumpt
to be in the first term. there are parallels to reagan and clinton who had first terms and successful economies for the second terms. are you hoping you are going to get the kind of economic security if not prosperity in this term that will allow you to do the thing that is barack obama when you sailed in on hope and change hoped he could do? >> piers i do believe the economy is ip pron proving. one of the reasons the economy is improving is that it was brave. it was not a popular decision at the time. it was brave to move forward on the recovery act. without that, we would have slid into a second great depression. it was brave to stand up the financial industry when it was on collapse. because he understand that we needed to move the economy forward. and now we are reaping the benefits of that. i believe that gives us a chance to move forward on a series of fronts and further strengthen our economy. we are not losing 800,000 jobs a month anymore. we are gaining them. and that foundation that has been laid it is a foundation on which we can build progress. >> one is i understand that the first
that will never change, prudential. >> wherever our trains go, the economy goes to life. norfolk southern, one line, infinite possibilities. >> additional corporate funding is provided by boeing. additional funding is provided by the an nenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. >> once again, live from washington, moderator gwen ifill. gwen: good evening. two men faced off for what each said would be his final campaign competing for the hearts and the minds of an economically stressed electorate. president obama won the much discussed battleground states. he won the electoral vote. he won the popular vote of -- and he won an america that revealed itself to be more divided than ever. today the president walked into the east room saying elections have consequences. >> what the american people are looking for is corporation. they're looking for consensus. they're looking for common sense. most of all, they want action. i intend to deliver for them in my second term i expect to find willing partners in bot
ministers to say the economy may already be in recession. one step forward, two steps back. greek lawmakers approve 2013 budget, but germany warns brussels aren't likely to sign off on the next tranche of aid at their meeting today. lorenzo tells cnbc greece needs more time and he's urged europe to extend the company's debt maturities. plus president obama will get a lot of input this week from civic leaders on how to tackle the looming fiscal cliff before he sits down with house and senate leaders on friday. we're up and running for a fresh week of global business news. we'll hear from kelly fairly shortly. also on today's program, we'll be in brussels ahead of the important euro group meeting. focus there on greece and the eu budget. after the weekend, talks collapsed. and the annual world energy outlook report in an hour and plus analysis of where oil prices can be headed. and best buy gets set to join the tablet wars with it insignia flex. what can it offer to customers that the ipad, kindle 5 and surface can't. the first japanese government may be forcesed to lower its outlook for the
congress the same problems. the fiscal cliff that pushes our economy into another recession. the lower economy and higher taxes a bad cocktail. , promised a new era but that reminds me of groundhog's day. it is great to have my guess here. the perfect do well to talk monday morning quarterback. yourself awful the president today actually calling on boehner and harry reid to say we have to come together. we could have seen more of that from the first administrations that he is doing it now. what are the odds they get together? >> everyboby hopes they are high but you want to avoid the high stakes game of chicken and during the lame duck session. that could have been. but his willingness to meet with mitt romney and boehner to resolve the situation. but if you heard voters press conference he sounds like he is the same position under no circumstances will taxes ever be raised. gerr he sad the reelection of the president is not a mandate to ise taxes. this is a huge debate. can hey come together? >> i elieve we can seize the futre together. we're not as divided as our politics suggest as
our economy and create jobs and the decisions we have to make in the coming weeks to help that come about. it is part of governing that these issues arise and we have to deal with them. >> this is a question on the fiscal cliff. you say he will not sign any bill that extends the bush cuts. it is highly unlikely that he would get a bill like that. how open is he to the notion that -- in terms of going forward? is he willing them out completely? >> i am giving you a pretty good printers on the president's thinking going into the process that he said it begins with the specific proposal he has before congress, a plan that achieves balance and that allows us to continue to invest in important areas of the economy. he has not been wedded to every detail of that plan. i will not negotiate hypothetical details. i was side speaker banner and say i am not in the position of boxing ourselves and others. he looks forward to the meeting with leaders in congress. and as clear principles fam belief that we can reach a compromise is comparable. it would allow us to address the fiscal cliff challen
-a-decade leadership change just as the chinese economy faces pressure from outside and in. >> susie: and the fiscal cliff isn't the only uncertainty for c.e.o.s. the future of financial regulations with the c.e.o. of florida-based bank united. >> tom: that and more tonight on nbr! $4.5 billion and guilty pleas to charges of manslaughter and lying to congress. that was the admission today from b.p. two and a half years after the "deepwater horizon" disaster in the gulf of mexico. that disaster killed 11 people and led to the worst oil spill in u.s. history. in its guilty plea, b.p. said it deeply regrets the loss of life and almost five million barrels of oil that into the gulf. darren gersh reports. >> reporter: justice department officials hope today's settlement and criminal pleas will bring justice to the families of the men who died when the "deepwater horizon" exploded. >> perhaps the greatest tragedy is that the deaths of the 11 men on board the "deepwater horizon" could have been avoided. the explosion of the rig was a disaster that r'sb.tetu cp.f ul b.p.'s culture of privileging profit over
for the economy in what they plan to do over the next quarter, two quarters. >> it is an interesting point, and certainly one in following what andy said, ceos take a longer-term view of business cycles. one of the things that we do at the business roundtable is survey them every quarter, and resurvey them on three importance components. what did they do, they're likely head of sales, increase, decrease cost data same. are they going to employ more people, less people, the same. what did they believe their sales and capital expenditure will be. the last quarterly survey that we did which was back in september was one of the highest in terms of the level of uncertainty, the level of uncertainty was very worrisome. gerri: finally, that's my question. so many ceos have written letters, formed organizations. they have been in newspapers begging, really, for some kind of attention to the economy, to grow jobs, to reduce costs and regulation. now we find out, now we know that barack obama will be president for another four years. are they encouraged her discouraged? let's face it. a lot of ceos
. the president did not get a mandate on the economy. it is like me saying my wife married me for my height and athletic prowess. it is not true. you have a mandate on fixing immigration, putting supreme court justice. congress does not have a mandate either. stop negotiating the press and stop talking, start negotiating, while the market to just digest and trade under normal environment. we may not see a lot of volatility, that is not such a horrible thing in the market not selling off 20 handles anytime anybody opens their mouth. what we don't need is more talk. just the way it is. liz: mark sebastian did not even drink red bull today, the traders are so anxious and tired of seeing their ability to trade on real fundamentals, isn't that correct? the news they have made the market look so much higher. >> there's a lot of positive news. housing market, it was not that bad. i think fundamentally if we get a deal done i agree, we are going right to 1500. i was actually surprised the big fiscal cliff caught us by surprise so bad. liz: we want to bring in the very people talking about that, sun
. tom will be along later in the program. congress officially gets back to preventing the u.s. economy from falling off the fiscal cliff. while washington struggles on a fiscal cliff deal, what should you do about your portfolio? jeff applegate has some answers. he's chief investment officer at morgan stanley smith barney. and home depot hammers home strong gains and lays the foundation for a strong quarter ahead. that and more tonight on "n.b.r." it was another day of cliff- watching here on wall street today. investors and traders are waiting to hear what happens at an important white house meeting on friday between president obama and congressional leaders. they will be talking about ways to solve the so-called "fiscal cliff" dilemma. investors appear cautious about making any big moves until they know whether the cliff will trigger increases in capital gains and dividend taxes. the dow fell almost 59 points, the nasdaq lost 20, and the s&p was down five. meanwhile, in washington, congress returned to work for the first time since september. lawmakers face a long "to-do list," and g
westgate in london on all of that. japan's economy shrank, first contraction since last year. the data adding to signs of slowing global growth and tensions with china nudging the which i into recession. and yen minute's main oil export pipeline shut after it was blown up in two pieces. local news organizations didn't identify the attackers, but they've been repeatedly sabotaged. finally, iran launched a military drill across half of the country today. government warning it would act again against aggressors. >> where is your jacket? >> i decided in high spirit of rising above to take it off today. but i can't find my pin. >> i'm putting mine on right now. >> it's you saunderstood we're above. p. >> and you're about to talk about corporation news we haven't especially touched on petraeus. maybe we'll sneak that in. >>> htc announcing a global patent settlement and ten year licensing agreement. the deal sends one of the first major conflict of the smartphone patent wars. apple sued accusing the company of infringing on its technology. and citigroup will pay 15.5 million each to former c
of the communist party. we'll be in frankfurt for a look at how that economy has been affected. gdp showing a slowdown for germany in the third quarter. and we'll hear from the former head of the council of economic advisers austan goolsbee on how the u.s. can avoid falling off the fiscal cliff. plus we'll take you live to tokyo with japan hit by election fever. the yen is falling as a repeated call for bold monetary easing. and we'll be live in new york 5:45 a.m. for a look at the u.s. retail sector. walmart and target getting set to release third quarter numbers. >>> chig that's ruling com uhe nus party has lifted the curtain. the unveiling seals so s xi jins rise. hu has seeded oig all powers and that's gives china's next leader a strong mandate. eunice has more for us this morning. it sounds like a pretty signature consolidation of power under xi. >> definitely is a consolidation of power. he'll get a very strong mandate as you had mentioned to run this country the way that he wants. he gets the three top titles, the most powerful are party chief, president as well as military commander
funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: for the first time in four years, president obama did not have to worry about re-election today. still, there was little time to savor tuesday's victory, in the face of a potential fiscal crisis at the end of the year. "newshour" correspondent kwame holman begins our coverage on this day after the election of 2012. >> reporter: mr. obama departed his hometown of chicago this afternoon for washington, his home for another four years. waiting for him: a still- divided congress now facing a critical lame duck session. the president made it clear in his victory speech last night that he thinks the country wants an end to gridlock. >> tonight, you voted for action, not politics as usual. ( applause ) you elected us to focus on your jobs,
.s. economy from going over the so-called fiscal cliff. in the last 24 hours, newly relie detectorred president barak obama and house speaker john boehner have both vowed that they will not let this happen. but is that even possible given today's decisive political climate? before we get into the discussion, let's first listen to what both men had to say. >> this is an opportunity for the president to lead. this is his moment. >> i'm committed to solving our fiscal challenges, but i refuse to accept any approach that isn't balanced. >> arthel: let's talk about it now. matt is the former white house political director under president george w. bush. alexis is the executive director for the american values institute. good to see both of you. >> great to be here. >> arthel: very good. so let's say that each of you is going to broker this deal. tell me the concessions you would make and what would be the deal breakers. i'm going to go with you first, matt. >> okay. so i'm in the seat of power. i guess if i'm a republican, i want to make sure that if i'm going to negotiate a deal that i've
than in 2 years ago when he wanted to extend it because the economy was too iffy. >> great point, you want to slow it down more. neil: he does not see it that way. >> you know, economics is not his strong point, it has never been, he probably never took the classes. >> but what happens? did he lay it town today? is that why markets got spooked. not only is he sticking to his tax hike, but he spelled it out there has to be a rate hike, i'm not going for a limited deduction. >> traders are smart, how many more times are you going to brent money, bernanke is out of the game, right now have you growth through economy growth, if you want earnings to grow, you need economy growth, if the president is going to destimulate the economy, which is what he is doing with a tax increase, just over fairness. you know, i never called president obama a socialist, i have been on shows that people made me say this, but think about what he does, he is saying i don't care about the economy or unemployment, i just want to achieve my overall aim, that is to expand the size of government. neil: we know he is
with the economy. and make sure we do not go back into a recession. but they do want to stick to their guns. they feel like they are really won the election and not to cave in to the republicans on the upper income tax rate. host: chicago, ill., let us go matt, hi. caller: my comment is this, in order for us to solve this problem, both sides are going to have to experience a pretty significant amount of political pain. from my side, i am a lot of the center, i would like to see texas go up on the wealthy. but at the same time, being from chicago i remember when the simpson balls report came out, and congresswoman should kautsky, she said this is horrible there's no way i will vote for this. and i did not think that was right either. clearly, we are going to have to do something about medicare. i am not in favor of the ryan plan. my overall point is, and unfortunately we have not seen this in the past few years, steve is coming more from the right than from my side, but the overall bank is that both sides are born to half to be willing to take on a significant amount of pain. i hope the will
scheduled to hit the economy for this current fiscal year taking us all the way to september of next year. as for what the president's position will be, we're still waiting for word from the president. other democrats have been discussing where they are on this, the president won reelection, they expanded their majority in the senate, and therefore voters have token, they want tax increases on wealthier americans to pay for other priorities and reduce the deficit. hearing from some republicans as well, john boehner scheduled to speak a short while from now. he says he's open to discussing. you're seeing these decisions, is not unlike what we saw before the election. talking an overall rewrite of the tax system, democrats looking for tax rate increases on families earning more than $250,000 per year. back to you. connell: fox news contributor and author of our favorite titled book. i guess we can modify it to say with what happened later today. do you think he goes to the middle or dig into the left? >> there were so many bizarre things that happened over the tuesday night election results
cannot win in this economy, then the tipping point has been reached. >> reporter: on the president's "to do" list, economic growth and jobs. immigration reform. and the top priority, those tax cuts set to expire come midnight new year's eve. but whatever difficulties might lie ahead, the president seized his moment early this morning, staking his claim in history with a nod of the lofty rhetoric of his convention speech eight years ago. and his hopes for what might be. >> i believe we can seize this future together, because we are not as divided as our politics suggest. and we remain more than a collection of red states and blue states. we are and forever will be the united states of america. >> reporter: and in that vein, diane, president obama reached out to the house and senate republican leadership, they also pledged to work together to solve this nation's problems. of course, the challenge is turning that rhetoric into reality. diane? >> and we have more on that in a moment. thank you so much, jake. >>> but what about governor romney? after so many years, such a long campaign. what
yet the same time. >> the economy is not getting better. everyone is talking about the economy in the head it will take because of the storm in the northeast. getting back to the map, the real killers making 40% of the revenue. wal-mart backing up their sales. on thanksgiving and when you hear these things and we talk about 1% growth, it just feels like that. it is a matter of a couple of quarters -- i believe it will get into the textbook of negative growth. neil: do you think they will have a deal by the end of the the year? >> i think it is slightly lesson of 50/50 chance. i think it is 50/50 or worse. that is what the market is showing right now. >> i think the market is sending a message and i think it is only a matter of -- when obama's first term began in 2008, we have four years of gridlock. i think there was a message here. i want to be optimistic that they will get a deal. neil: if the market is doing this, they will be forced to. we will see. we do want to keep you aware of it. we will watch it. there is that. we do have the ability to convey things to you and the si
Search Results 0 to 49 of about 713 (some duplicates have been removed)